Seven Seas Apparel Company uses normal costing, and manufacturing overhead is applied to work-in-process on the basis of machine hours. On January 1 of the current year there were no balance in work-in-process or finished goods inventories. The following estimates were included in the current year's budget: Total budgeted manufacturing overhead Total budgeted machine hours $175,500 87,750 During January, the firm began the following production jobs: Job code A79 A80 A81 DM (S) 800 1,000 450 DL ($) 800 1,500 450 MH (machine hours) 2.200 3,000 1,800 During January, job numbers A79 and A80 were completed (i.e., A81 has not been completed) and job number A79 was sold. Assume that the record of overhead was updated promptly. 1. Determine the predetermined overhead rate (POHR). Your answer 2. Calculate the COGM (cost of goods manufactured) for January. Your answer 3. The actual manufacturing overhead incurred during January was $13,500. Regarding the balance of manufacturing overhead account for January, which of the following is correct? 3. The actual manufacturing overhead incurred during January was $13,500. Regarding the balance of manufacturing overhead account for January, which of the following is correct? $500 was underapplied $3,100 was underapplied $3,100 was overapplied $500 was overapplied